NAB Monthly Business Survey July 2025

The NAB Monthly Business Survey for July 2025 presents findings on business confidence and conditions across various sectors in Australia. The report indicates that business confidence has increased by 2 points to +7 index points, surpassing the long-run average. Confidence is notably higher in the construction and service sectors, while retail and wholesale industries remain less optimistic. Business conditions have slightly decreased by 2 points to 5 index points, attributed to declines in trading, profitability, and employment metrics. The survey highlights a divergence across industries, with the services sector showing resilience compared to weaker performance in goods distribution and production. Additionally, the report notes ongoing price pressures, with rising input costs and output prices. Capacity utilization remains above the long-run average, although it has eased slightly. The survey reflects an overall improvement in economic momentum while acknowledging persistent cost and price challenges for businesses.